by Mike ‘Mish’ Shedlock
The Advance GDP reading (first estimate) of third quarter GDP comes out tomorrow.
Here’s a recap of six GDP estimates plus a bonus opinion as to what constitutes “solid” GDP growth.
- GDPNow 3rd Quarter: 2.1%
- FRBNY Nowcast 3rd Quarter: 2.2%
- Markit 3rd Quarter: 1.0%
- Econoday 3rd quarter consensus: 2.5%
- Markit 4th quarter: 2.0%
- FRBNY Nowcast 4th quarter: 1.4%
“Solid” GDP Expected